Hood County, Texas Income Statistics
Hood County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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B
Hood County Around averageWealthier than 89% of counties in Texas
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hood County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $87,655 | $78,939 | $80,455 |
| Median Personal Income | $60,264 | $56,913 | $60,758 |
| Average Yearly Income Growth | 5.3% | 4.6% | 4.8% |
| Six-Figure Earners | 12.9% | 13.0% | 13.9% |
| $200k+ Households | 12.0% | 12.5% | 13.2% |
The median household income in Hood County is about 11% higher than in Texas. Income has been growing faster in Hood County (5.3%/yr) than in Texas (4.6%/yr).
About 13% of adults in Hood County earn six figures ($100,000 or more) a year, about the same as the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Hood County, Texas grew by 65.9% from 2009 to 2024, reaching $87,655 in 2024. That's an average of about 5.3% per year.
Income Inequality and the Gender Pay Gap in Hood County
| Metric | Hood County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.540 | 0.570 | 0.552 |
| Male Median Income | $69,915 | $66,147 | $69,667 |
| Female Median Income | $53,105 | $53,058 | $56,850 |
| Gender Pay Gap | 24.0% | 19.8% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Hood County, it is 0.540, lower than Texas's 0.570, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 32% more than women's income in Hood County, Texas. Over a 35-year career, a 32% wage gap accumulates to roughly $588,350 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hood County, Texas has narrowed from about 31% to 24% in 2024. Over that period the gap was widest at 35% in 2014, and was narrowest at 22% in 2013. In dollar terms, the gap has widened by $1,664 since 2009.
Employment
| Metric | Hood County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.6% | 5.2% | 5.2% |
| Working from Home | 14.4% | 14.4% | 15.0% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 1,720 people are unemployed in Hood County, Texas.
The average commute time in Hood County is 23 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hood County, Texas has fallen from 6.5% to 5.6% in 2024. Over that period the rate peaked at 7.5% in 2013 and fell as low as 2.9% in 2018.
Hood County, TX Wealth Compared With Nearby Counties
Hood County, TX is the 3rd largest of the 6 counties compared here, 65,894 residents against a local median of 43,794. Hood County, TX's unemployment, at 5.6%, runs 56% above the 3.6% typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 2.5% on unemployment, so Hood County, TX sits at one end of an already wide local range rather than apart from it. Hood County, TX has the 5th lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Hood County, TX | 65,894 | $87,655 #2/6 | 5.3%/yr #4/6 | 5.6% #5/6 | 0.540 #3/6 |
| Somervell County, TX | 9,691 | $83,897 | 7.0%/yr | 3.2% | 0.532 |
| Parker County, TX | 165,168 | $105,306 | 5.5%/yr | 4.0% | 0.552 |
| Erath County, TX | 43,794 | $65,723 | 5.6%/yr | 5.7% | 0.582 |
| Johnson County, TX | 195,591 | $84,731 | 4.6%/yr | 3.6% | 0.555 |
| Bosque County, TX | 18,691 | $68,320 | 5.3%/yr | 3.6% | 0.538 |
Conclusion
Considering all these factors, Hood County, Texas has an overall wealth index grade of B, making it somewhat better than Texas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hood County, Texas.
How Rich Is Hood County, Texas?
Hood County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $87,655, about 11% higher than the Texas average of $78,939.
How has median household income changed in Hood County, Texas?
Between 2009 and 2024, the median household income in Hood County, Texas rose 66%, from $52,837 to $87,655. Over the same years, income here outpaced Texas as a whole: +66% against +64%.
What was the median household income in Hood County in 2023?
In 2023, the median household income in Hood County, Texas was $87,133, up 10% from $79,251 in 2022. The Texas median that year was $76,528.
What was the median household income in Hood County in 2020?
In 2020, the median household income in Hood County, Texas was $71,191. By 2024 it had risen 23% to $87,655.
What is the Gini coefficient in Hood County, Texas?
The Gini coefficient in Hood County is 0.540. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Hood County, Texas?
Since 2009, the income gap between men and women in Hood County, Texas has narrowed from about 31% to 24% in 2024. Over that period the gap was widest at 35% in 2014, and was narrowest at 22% in 2013. In dollar terms, the gap has widened by $1,664 since 2009.
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